Government Spending and Private Consumption
This paper investigates the macroeconomic effects of anticipations about future fiscal expenditures within a simple perfect foresight general equilibrium model. This paper extends S. Djajic (1987) by investigating an anticipated permanent increase in government spending. An anticipated permanent increase may temporarily stimulate capital accumulation. The questions of whether anticipated or unanticipated changes in government spending have a larger effect on capital accumulation and output is related to the questions of whether government spending is initially above or below the optimal level.
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Volume (Year): 23 (1990)
Issue (Month): 1 (February)
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